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Torstar (TSX:TS.B) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Torstar Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Torstar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Torstar's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Torstar Cyclically Adjusted Price-to-FCF Chart

Torstar Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Torstar Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of Torstar's Cyclically Adjusted Price-to-FCF

For the Publishing subindustry, Torstar's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Torstar's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Torstar's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Torstar's Cyclically Adjusted Price-to-FCF falls into.



Torstar Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Torstar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2020 is calculated as:

For example, Torstar's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=0.047/107.9273*107.9273
=0.047

Current CPI (Mar. 2020) = 107.9273.

Torstar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201006 0.287 91.809 0.337
201009 0.410 92.362 0.479
201012 0.585 92.836 0.680
201103 0.007 94.338 0.008
201106 0.080 94.654 0.091
201109 0.442 95.286 0.501
201112 0.471 94.970 0.535
201203 0.056 96.155 0.063
201206 0.164 96.076 0.184
201209 0.258 96.392 0.289
201212 0.268 95.760 0.302
201303 0.114 97.103 0.127
201306 -0.027 97.182 -0.030
201309 0.307 97.419 0.340
201312 0.385 96.945 0.429
201403 0.138 98.604 0.151
201406 0.314 99.473 0.341
201409 -0.219 99.394 -0.238
201412 0.297 98.367 0.326
201503 -0.104 99.789 -0.112
201506 0.064 100.500 0.069
201509 0.013 100.421 0.014
201512 0.119 99.947 0.129
201603 -0.314 101.054 -0.335
201606 -0.034 102.002 -0.036
201609 -0.092 101.765 -0.098
201612 0.090 101.449 0.096
201703 -0.172 102.634 -0.181
201706 -0.111 103.029 -0.116
201709 0.071 103.345 0.074
201712 0.262 103.345 0.274
201803 -0.223 105.004 -0.229
201806 0.011 105.557 0.011
201809 -0.068 105.636 -0.069
201812 0.280 105.399 0.287
201903 -0.168 106.979 -0.169
201906 -0.132 107.690 -0.132
201909 0.176 107.611 0.177
201912 -0.178 107.769 -0.178
202003 0.047 107.927 0.047

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Torstar  (TSX:TS.B) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Torstar Cyclically Adjusted Price-to-FCF Related Terms

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Torstar (TSX:TS.B) Business Description

Traded in Other Exchanges
N/A
Address
One Yonge Street, 5th Floor, Toronto, ON, CAN, M5E 1E6
Torstar Corp is a media company. The company operates in three business segments: Community Brands, Daily Brands and Digital Ventures. The digital business includes operations outside the traditional newspaper. Daily News Brands segment includes a portfolio of media businesses. Community Brands segment engaged in operations of newspapers, digital properties, flyer distribution, consumer shows, magazines, directories and printing.

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